Blue Apron, $2 billion meal-kit startup, files for IPO

Blue Apron Holdings Inc. , a meal-kit delivery service valued at $2 billion, filed to go public Thursday. The company does not yet have a price range and said it plans to raise $100 million, which is likely a placeholder amount. Blue Apron, which was founded in 2012, posted net revenue of $795 million in 2016, up from $340.8 million in 2015. This was on top of growing net losses of $54.9 million in 2017, wider than a loss of $47 million in 2015. The company recorded a profit of $3 million in the three months ended March 31, 2016, but was back to a loss for the same period this year, at $52.2 million. The company has applied to list on the New York Stock Exchange under the symbol “APRN.” Goldman Sachs & Co, Morgan Stanley, Citigroup and Barclays are the lead underwriters on the offering.

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